Dropshipping Questions

[lorentzo]

Hello,

I have some questions about dropshipping and i cant find the answers, i need some replys:

1) Do you need a company to do dropshipping ?

2) Do you take items from China markets or from forum supliers ?

3) What kind of payments systems you have integrated in your website ?

Thanks.

 

[LocalProxies]

I don't have a company, also you don't need a company, you can sell and report the money in the end of the year and pay taxes for them. That way you will cut back all the expenses you have to pay when owning a company.
I only use dropshipping from China, because the quality is good, and the prices allow you to make a greater profit, the only draw back is the shipping time. With the ordinary china post shipping i wait around 3 weeks to get an item.
I am using bank to bank transfer right now. If someone wants to buy something he pays me on my bank account and after that i complete his order.
I hope i helped. Wish you the best.

 

[lorentzo]

I don't have a company, also you don't need a company, you can sell and report the money in the end of the year and pay taxes for them. That way you will cut back all the expenses you have to pay when owning a company.
I only use dropshipping from China, because the quality is good, and the prices allow you to make a greater profit, the only draw back is the shipping time. With the ordinary china post shipping i wait around 3 weeks to get an item.
I am using bank to bank transfer right now. If someone wants to buy something he pays me on my bank account and after that i complete his order.
I hope i helped. Wish you the best.

Whait what ?

How ? When they want to buy something you just give them your bank account or you have integrated somehow in your website ?

 

[loedown]

Hello,

I have some questions about dropshipping and i cant find the answers, i need some replys:

1) Do you need a company to do dropshipping ?

2) Do you take items from China markets or from forum supliers ?

3) What kind of payments systems you have integrated in your website ?

Thanks.

#1, no
#2, China Aliexpress
#3, Paypal and Credit cards (Stripe).

 

[anneconq]

For the bank to bank transaction, it could be risky. I would never ever entrust my info.

 

[DigitalCity]

a good example would be an ebay dropshipper which I did for many years and made some serious coin with it.
Most use this same method and I will explain in brief how it works from point a to b.

1 you have an ebay account, it is set up with paypal for people to pay you with.
2. the items (that you already sourced and did the numbers for) are on your ebay page for sale.
3. When someone clicks and buys the items from your ebay acct. they pay you and the money is in your paypal account.

4. Now you have to order the item from your supplier/dropshipper who shipd the item directly to your customer on your behalf with your company name on package shipped to them, your customer.
5. you can pay them directly with the money your customer paid you with using your paypal/paypal debit card or pay them via other smeans you wish.
this is important to find a dropshipper that accepts paypal or credit card because you can use the same account to accept and make payments with.
6. once paid the supplier gives you tracking number which you give to your customer and they receive item, they are happy.
7. YOU KEEP THE DIFFERENCE/PROFIT - You Are Happy!!!

pretty simple and straight forward, hard part is two part.
1. finding a good product in demand that has a high profit margin markup
2. finding a good solid supplier that you can trust

hope this helps. good luck

 

[clumsyjessy]

Hello,

I have some questions about dropshipping and i cant find the answers, i need some replys:

1) Do you need a company to do dropshipping ?

2) Do you take items from China markets or from forum supliers ?

3) What kind of payments systems you have integrated in your website ?

Thanks.

I wonder if my answer will be useful, 'coz i'm newbie on this forum and this thred is ancient...

1) I registered company.
2) My suppliers is located in China (AliExpress)
3) Stripe, Paypal

 

[Deleted member 720373]

I wonder if my answer will be useful, 'coz i'm newbie on this forum and this thred is ancient...

1) I registered company.
2) My suppliers is located in China (AliExpress)
3) Stripe, Paypal

Why are you bumping old threads telling everyone about aliexpress? We all know about them already so we don't need all the ancient threads bumping!

 

[clumsyjessy]

Why are you bumping old threads telling everyone about aliexpress? We all know about them already so we don't need all the ancient threads bumping!

I just answered questions in the topic. What's wrong? This theme is interesting for me. Is it a big problem - posting replies in old threds? It's still open. What if this guy needs my help?

 

[Deleted member 720373]

I just answered questions in the topic. What's wrong?

Because You are bumping old threads with the same thing.

Necrobumping is frowned upon on this site.

 

[clumsyjessy]

Because You are bumping old threads with the same thing.

Necrobumping is frowned upon on this site.

Ok, I see. Sorry, gonna be more attentive

 

[hathrox]

a good example would be an ebay dropshipper which I did for many years and made some serious coin with it.
Most use this same method and I will explain in brief how it works from point a to b.

1 you have an ebay account, it is set up with paypal for people to pay you with.
2. the items (that you already sourced and did the numbers for) are on your ebay page for sale.
3. When someone clicks and buys the items from your ebay acct. they pay you and the money is in your paypal account.

4. Now you have to order the item from your supplier/dropshipper who shipd the item directly to your customer on your behalf with your company name on package shipped to them, your customer.
5. you can pay them directly with the money your customer paid you with using your paypal/paypal debit card or pay them via other smeans you wish.
this is important to find a dropshipper that accepts paypal or credit card because you can use the same account to accept and make payments with.
6. once paid the supplier gives you tracking number which you give to your customer and they receive item, they are happy.
7. YOU KEEP THE DIFFERENCE/PROFIT - You Are Happy!!!

pretty simple and straight forward, hard part is two part.
1. finding a good product in demand that has a high profit margin markup
2. finding a good solid supplier that you can trust

hope this helps. good luck

What about the payment hold policy of eBay and PayPal? If you're a new seller the payment will be held until the item is shipped or the buyer leaves a feedback. How do you get around that?

I've actually posted a thread about this a couple of hours ago.